Treasury Proposal to Give Foreign Investment Regulator New Power

Once finalized, the rules could strengthen the enforcement authority of CFIUS, an interagency panel that holds power over TikTok’s future and U.S. Steel sale.

U.S. Secretary of the Treasury Janet Yellen delivers a keynote address during the second annual Committee on Foreign Investment in the United States Conference at the Treasury Department in Washington on Sept. 14, 2023. Alex Wong/Getty Images

The federal government plans to strengthen the enforcement authority of a powerful committee that screens foreign investment in the United States for national security risks.

The proposed rules, made public on April 11, would expand the power of the Committee on Foreign Investment in the United States (CFIUS), an interagency panel led by the Treasury Department that is charged with reviewing foreign investment in U.S. businesses and certain real estate sectors.